Amidst layoffs, TCS announces salary hikes for 80% employees: What's going on?

India’s biggest IT services firm, Tata Consultancy Services (TCS), has announced a pay hike for nearly 80 per cent of its employees, mainly those in junior and mid-level roles. This comes after the company announced plans to cut around 12,000 jobs this year, mostly impacting staff at the mid and senior levels. The salary increase will reportedly come into effect from September 1, 2025

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